When Dr. Richard Wemesa was announced as second runner-up at the 2025 Best Farmers Awards, the applause that followed did not merely celebrate a well-run farm in Wakiso District. The...
Airtel Africa on Tuesday announced an agreement with SpaceX to introduce Starlink Direct-to-Cell satellite connectivity across all its 14 markets that serve 174 million customers. Through this partnership, Airtel Africa...
Centenary Bank has donated 10 computers to Our Lady of Consolata-Kisubi Hospital in a move aimed at strengthening digital health systems, improving patient record management and enhancing the overall quality...
Uganda’s business and leadership elite convened on Sunday, December 14th, afternoon for an intimate and highly curated Johnnie Walker Blue Club experience, hosted by renowned businessman and philanthropist Bob Kabonero...
I&M Bank has introduced IMBRISK, a transactional solution that enables customers (new and existing) to deposit, withdraw, and transfer funds across I&M Bank branches in Uganda, Kenya, Tanzania, and Rwanda....
Meera Investments Limited, yesterday, May 19th 2019, officially opened their iconic Kingdom Kampala Mall, releasing onto the market, a fresh 22,000m2 of Grade A retail and office space. Meera is the property development arm of Ruparelia Group and is the largest developer of commercial and residential space, with over 300 properties in Kampala and surrounding towns. According to Rajiv Ruparelia,…
Dr. Sudhir Ruparelia is the founder and Chairman of the Ruparelia Group, one of Uganda’s largest business conglomerates with investments in financial services, real estate, education, hospitality, agriculture and broadcasting….
The Umeme Annual General Meeting, has today approved a UGX28.2 per share final dividend to all its shareholders for the year ended 31 December 2018. This, in addition to the…
Internet service providers in Uganda have warmed up to Raxio’s carrier neutral data centre, currently under development, saying the project will create operational efficiencies and save up the much needed…
Metropol Credit Reference Bureau (MCRB) on Wednesday May 8th, 2019 launched its new product delivery platform code-named Metropol Crystobol. A first of its kind in Uganda, Metropol Crystobol gives borrowers…
We all remember that high school economics question regarding reasons why a firm may continue operating on losses especially in the short run. The answer that we all crammed without…
Nineteen (19) of Uganda’s 24 banks in 2018 earned a combined UGX790.3 billion (USD210.3 million) in profit, just about a 1% rise in the UGX786.4 billion made by 18 of the profitable banks in 2017. Five banks in 2018 remained loss making, down from six in 2017. The loss making banks made a combined UGX39.4 billion in losses, nearly 3…
The Pareto principle (also known as the 80/20 rule, the law of the vital few), according to Wikipedia, states that, for many events, roughly 80% of the effects come from 20% of the causes. It has since become an axiom of business management that “80% of sales come from 20% of clients”. RELATED: https://www.ceo.co.ug/2018-ugandas-19-banks-rake-in-ugx790bn-profit-5-banks-still-loss-making/ Mathematically, it is generally believed that…
Yes, they are all men. They are powerful. They run 8 of Uganda’s largest banks and they are paid handsomely too. The 8 CEOs are each paid on average a…
43 Managing Directors and Executive Directors of 23 of Uganda’s 24 banks, earned an average of UGX61 million or a combined UGX2.6 billion per month. This adds up to a total of UGX31.5 billion a year, according to painstaking research by CEO East Africa Magazine. Also read: https://www.ceo.co.ug/2018-ugandas-19-banks-rake-in-ugx790bn-profit-5-banks-still-loss-making/ According to the research, Barclays Bank’s CEO Rakesh Jha is the highest…
